Salinas, CA. – After three years of dedicated effort, LRE & Companies is thrilled to announce the approval of its first tenant, Circle K, in the  highly anticipated project at 1012 & 1016 Abbott Street in Salinas. This exciting development, which marks the culmination of collaboration and teamwork among LRE, trusted brand partners, consultants, and the City of Salinas, will bring significant economic growth and enhanced amenities to the local community.

Circle K is a cutting-edge convenience store and fueling station, offering modern amenities and a seamless shopping experience. This milestone follows the recent Planning Commission approval. Circle K will begin construction first, and other tenants are set to follow, bringing a community-focused atmosphere to the development.

“This achievement represents a major milestone for our team and the City of Salinas,” said Akki Patel, CEO and Founder of LRE & Companies. “The partnership with the city of Salinas has been instrumental in moving this project forward. While the process has taken time, the results will be worth the wait as we transform this site into a vibrant community hub.”

The project will involve the demolition of two existing structures—a former auto body repair shop and a tile and marble company—making way for brand-new, ground-up construction for Circle K and other tenants. This revitalization effort underscores LRE’s commitment to sustainable development and creating spaces that serve the needs of both residents and visitors.

The Salinas project exemplifies LRE & Companies’ dedication to fostering growth and opportunity in communities across the region. Additional project details and updates will be shared as construction progresses.

About LRE & Co
LRE & Companies is a leading real estate development and investment firm specializing in creating mixed-use spaces that blend functionality and innovation. With a focus on collaboration and community impact, LRE continues to deliver projects that support economic growth and enhance the quality of life for residents.

Folsom, Calif. LRE & Companies, a full-spectrum real estate development, asset manager, and hotel and hospitality management company, in partnership with the American Hospitality Services, has signed The Learning Experience® (TLE®) as a major tenant for the highly anticipated Southpointe at Folsom Ranch development. The Learning Experience, known for its established reputation of providing exceptional early childhood education, offers essential services for children ages six weeks to six years old.

“LRE & Companies is committed to building strong communities through strategic partnerships with cities and trusted brands,” says Akki Patel, CEO of LRE & Companies. “We are excited to welcome a tenant who offers a vital service to the community and to the Southpointe project at Folsom Ranch, one of Northern California’s largest master-planned developments. LRE & Co. is proud to be a responsible contributor to Folsom’s growth, a city with the highest concentration of software jobs in the Sacramento region and ranked No. 1 in professional and technical employment per capita.”

Parag Laddha and Kunal Rao, franchisees and operators of multiple TLE centers, also shared their enthusiasm: “Folsom is an ideal location for a childcare center due to its growing population of young families and strong focus on education. A new facility would meet the rising demand for quality childcare and further enhance Folsom’s appeal as a family-friendly community.” With their expertise and proven track record, Laddha and Rao ensure that the new facility will deliver high-quality early education and operations, continuing The Learning Experience’s tradition of excellence.

Situated just south of Highway 50, Folsom Ranch is an up-and-coming community that is rapidly expanding. With new homes, a gated senior community, and a state-of-the-art sports complex set to break ground next year, the area is becoming a highly desirable location for families and professionals alike. Additionally, a new Dignity Health Advanced Ambulatory Care Center highlights the community’s commitment to providing comprehensive healthcare services to its residents.

The addition of The Learning Experience is a crucial asset for this thriving community, emphasizing the importance of safe and reliable learning centers for young children. The development offers a diverse range of high-end office, medical, and retail spaces available for sale or lease, including retail shop space, drive-thru pads, and medical offices. The 10-acre site boasts excellent visibility along White Rock Road and East Bidwell, forming a central hub within the expansive 3,585-acre master-planned Folsom Ranch development